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Pentagon Officials Look for Spending Cuts as Sequestration Looms

The Defense Department is looking to cut spending by eliminating redundant services and programs, Federal News Radio reports.

The move comes as Pentagon is required to cut future spending by nearly $500 billion throughout the next 10 years.

One method the department is exploring is avoiding expensive long-term contracts.

The Pentagon also working to improve communication while getting the most out of existing infrastructure.

Eric Fanning, the Navy’s deputy chief management officer, told Federal News Radio the Pentagon will use existing structures, processes and meetings in a different way.

Fanning also said agencies must look at budget cuts and performance metrics as permanent to ensure security.

The Office of Management and Budget announced it has launched PortfolioStat, an agency-wide IT portfolio management tool to reduce overlapping information technology projects.

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